Emerging Global Advisors, the New York-based exchange-traded
fund firm focused solely on emerging markets investment strategies,
filed regulatory paperwork detailing plans to bring to market two
-one focused on companies with growing payouts; the other on
producers of natural resources.
The filing unveiling plans for the EGShares Emerging Markets
Dividend Growth ETF and the EGShares Emerging Markets Natural
Resources ETF was generally scant on details. For example, not only
did the company not reveal the funds' tickers and proposed annual
expense ratios, it also didn't say what indexes the funds would be
The filing describing the two funds is consistent with a turn
the company has made since its splashy 2009 debut that was
characterized by bringing to market many strategies that in some
ways were too specific in geography and theme for investors still
getting comfortable with broad ETFs such as the iShares MSCI
Emerging Markets Index Fund (NYSEArca:EEM).
Since then, Emerging Global has tended to focus on strategies
that encompass all the various developing markets, perhaps packaged
in themes that are resonant in the broader investment markets. The
$886 million EGShares Emerging Markets Consumer ETF (NYSEArca:ECON)
is the ultimate example of this shift, and it now commands almost
75 percent of all the firm's assets.
The filing did say both the payout fund and the resources funds
will be able to own locally traded shares as well as American
depositary receipts and global depositary receipts.
Emerging Global has 22 funds with a total of $1.211 billion in
assets under management, according to IndexUniverse's daily ETF
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